floor

(redirected from floors)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to floors: FLORS, Lowes

Floor

The area of a stock exchange where active trading occurs. Also the price at which a stop order is activated (when the price drops low enough to activate such an order). In context of interest rates, a level which an interest rate or currency is structured not to go below. In context of OTC interest rate options, a series of interest rate put options, where the buyer of the floor guarantees a minimum interest income

Floor

1. See: Exchange floor.

2. The lowest price or some other limit that can occur. For example, in an adjustable-rate mortgage, the lender will often specify a floor for the interest rate, which means that even though the interest rate on the mortgage changes from time to time, it will never drop below the specified floor. These exist to protect one or both parties to a contract or investment. See also: Ceiling, Collar.

floor

The area of an organized exchange where securities are traded. Customer orders are transferred to the floor, where they are executed by members of the exchange.

floor

Other than the obvious, refers to the bottom of something. Variable-rate mortgages may provide a minimum interest rate,called a floor,even if the rate would otherwise be less if the index dropped. Percentage leases with rent partially based on gross revenues might have a minimal amount,or floor payment.

References in classic literature ?
Bradley made no reply but commenced a diligent examination of the walls and floor of the room, pressing over each square foot and tapping with his knuckles.
It was hinged at the bottom, and when lowered the outer edge rested upon the perch, making a little platform parallel with the floor of the room.
And so the forest grew until today it covers almost the entire floor of the valley except for the open space where the city stands.
Tara sat up and looked about and at the same instant a huge eunuch leaped to his feet from where he had been lying on the floor close by that side of the dais farthest from Gahan.
With an oath he dropped it to the floor, where it sputtered for a moment and went out.
Thuvia and Carthoris did not need to look at the floor to be aware of the strange movement that was taking place.
There was heaps of old greasy cards scattered around over the floor, and old whisky bottles, and a couple of masks made out of black cloth; and all over the walls was the ignorantest kind of words and pictures made with charcoal.
Coming up presently to the front room on the ground floor she took up some sewing, waiting for her lodgers to ring that she might take away the breakfast, which she meant to do herself, to discover what was the matter if possible.
How long he sat thus he did not know; but finally he was aroused by a noise coming from the floor below.
Even when he had his hand on the key, ready to turn it in the lock in case of necessity, he still looked back at the appalling object on the floor.
Several minutes passed, and, just as abruptly the apparition reappeared--not alone the head this time, but the entire sinuous form as it glided into the room and came to rest in the middle of the floor.
She turned her huge back in tremendous disdain and climbed the stairs to the next floor.